HIVE DIGITAL TECHNOLOGIES LTD - Daily - Technical analysis published on 07/21/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 2.70 USD
My targets
2.21 USD (-7.27%)
1.98 USD (-16.81%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on HIVE BLOCKCHAIN TECHNOLOGIES as long as the price remains well below 2.70 USD. The next bearish objective for sellers is set at 2.21 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.98 USD. If there is any crossing, the next objective would be the support located at 1.79 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by aba0550. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HIVE BLOCKCHAIN TECHNOLOGIES rating is 2.38 USD. The price registered an increase of +8.68% on the session and was between 2.23 USD and 2.39 USD. This implies that the price is at +6.73% from its lowest and at -0.42% from its highest.2.23
2.39
2.38
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this HIVE BLOCKCHAIN TECHNOLOGIES chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.37 | 1.79 | 2.35 | 2.38 | 3.04 | 3.76 | 4.34 |
| Change (%) | -42.44% | -24.79% | -1.26% | - | +27.73% | +57.98% | +82.35% |
| Change | -1.01 | -0.59 | -0.03 | - | +0.66 | +1.38 | +1.96 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.64 | 1.76 | 1.97 | 2.09 | 2.30 | 2.42 | 2.63 |
| Camarilla | 2.10 | 2.13 | 2.16 | 2.19 | 2.22 | 2.25 | 2.28 |
| Woodie | 1.70 | 1.78 | 2.03 | 2.11 | 2.36 | 2.44 | 2.69 |
| Fibonacci | 1.76 | 1.88 | 1.96 | 2.09 | 2.21 | 2.29 | 2.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.46 | 1.80 | 1.98 | 2.32 | 2.50 | 2.84 | 3.02 |
| Camarilla | 2.02 | 2.07 | 2.11 | 2.16 | 2.21 | 2.26 | 2.30 |
| Woodie | 1.38 | 1.76 | 1.90 | 2.28 | 2.42 | 2.80 | 2.94 |
| Fibonacci | 1.80 | 2.00 | 2.12 | 2.32 | 2.52 | 2.64 | 2.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.06 | 1.55 | 2.21 | 2.70 | 3.36 | 3.85 | 4.51 |
| Camarilla | 2.54 | 2.65 | 2.76 | 2.86 | 2.97 | 3.07 | 3.18 |
| Woodie | 1.14 | 1.59 | 2.29 | 2.74 | 3.44 | 3.89 | 4.59 |
| Fibonacci | 1.55 | 1.99 | 2.26 | 2.70 | 3.14 | 3.41 | 3.85 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.44 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -4.05 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 2.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.94 | |
| Elder Ray (13): | -0.32 | |
| Super Trend (3,10): | 2.68 | |
| Zig ZAG (10): | 2.19 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 9.45 | |
| TEMA (21): | 2.24 | |
| Williams %R (14): | -75.94 | |
| Chande Momentum Oscillator (20): | -0.91 | |
| Repulse (5,40,3): | 6.7200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2700 | |
| Courbe Coppock: | 22.29 |
| MA7: | 2.25 | |
| MA20: | 2.49 | |
| MA50: | 2.52 | |
| MA100: | 3.07 | |
| MAexp7: | 2.25 | |
| MAexp20: | 2.41 | |
| MAexp50: | 2.60 | |
| MAexp100: | 2.67 | |
| Price / MA7: | +5.78% | |
| Price / MA20: | -4.42% | |
| Price / MA50: | -5.56% | |
| Price / MA100: | -22.48% | |
| Price / MAexp7: | +5.78% | |
| Price / MAexp20: | -1.24% | |
| Price / MAexp50: | -8.46% | |
| Price / MAexp100: | -10.86% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on HIVE BLOCKCHAIN TECHNOLOGIES at the time of the analysis were as follows:
- REPEAT - HIVE Buys 3,019 High Performance Bitcoin Miners Increasing Production By 46% Immediately
- HIVE Buys 3,019 High Performance Bitcoin Miners Increasing Production By 46% Immediately
- REPEAT - HIVE Announces Long Term HPC Computing Strategy Beyond Ethereum 2.0
This member declared not having a position on this financial instrument or a related financial instrument.
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